Regulatory Alerts2015-01-01
Amendments to the Interbank Foreign Exchange Market Framework Rules
The Bank of Zambia issued revised Interbank Foreign Exchange Market Framework rules to enhance transparency and stability in the domestic foreign exchange market. The amendments mandate dealer licensing, require commercial banks to report client orders and connect to the Real Time Trade Reporting system, and grant the central bank discretion to adjust market parameters or suspend trading during stress. These measures, which include specific penalties for breaches, take effect on December 1, 2015.
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